Aditya Birla

mumbai: the aditya birla group is in talks to acquire a carbon black unit in china as part of its plan to expand capacity from 375,000 tonnes to 400,000 tonnes. the group's egypt based carbon black joint venture alexandria carbon black is spearheading the acquisition plan. a top aditya birla group official told et that discussions were on to take over a unit in china though he declined to disclose details about the unit's capacity. alexandria carbon black is also examining other proposals to expand its...

Aditya Birla Financial Services, part of the $40-billion Aditya Birla Group, has diversified its portfolio into 10 lines of businesses as it seeks to offer products to cater through the life of an individual, "from cradle to grave". "Our interest is to be an integrated player," Ajay Srinivasan , chief executive for financial services at Aditya Birla Group , told ET in an interview. Edited excerpts : What is the idea of being...

the aditya birla group has roped in the chennai-based apollo group as consultants to determine the feasibility of its super speciality hospital at chinchwad, near pune. the apollo group is currently working on a revalidation of the business plan for the proposed 400-bed hospital project. sources said the final project structure will be based on the recommendations of the apollo group. while the project cost is estimated at rs 200-250 crore, the birlas are keen on reducing the cost...

Aditya Birla's chief executive Russell Berman is upbeat on the launch of his second hypermart in Hyderabad. 'Last year was frustrating in terms of openings', he says, but quick to add that this year the company would leave no stone unturned in making sure all the stores are opened as per schedule. He spoke to ET briefly at the launch of the store in Hyderabad. Excerpts: How many stores will you open this year and...

NEW DELHI: Aditya Birla Chemicals today reported 40 per cent increase in net profit at Rs 20.36 crore for the quarter ended June 30, 2015, against Rs 14.55 crore during the same period of the previous fiscal. Total income from operations during April-June period of current fiscal rose to Rs 287.98 crore from Rs 285.99 crore in the same period of 2014-15 fiscal. Earlier this month, the shareholders had approved the merger of Aditya Birla with Grasim Industries . The two...

NEW DELHI: The CBI has questioned some officials of the Aditya Birla group as part of its investigation into the controversial case lodged by it against leading industrialist Kumar Mangalam Birla over two months ago. Former coal secretary P C Parakh will be summoned next month, a top CBI official said on condition of anonymity. The official said Birla will also be summoned for questioning by the CBI "if the need arises. " Rejecting speculation that the CBI...

In a chat with ET Now, Prakash Gaba, CFT, prakashgaba.com shares his view on Aditya Birla. ET Now: What is your call on Aditya Birla? Prakash Gaba: Buy Aditya Birla with a target of Rs 1220 and a stop loss of Rs 1185.

MUMBAI: The Aditya Birla group on Friday said its cement production in April increased 2.17 per cent at 27.35 lakh metric tonnes, against 26.77 lakh metric tonnes in the year-ago period. Dispatches grew 2.24 per cent at 27.10 lakh metric tonnes in the month vis-a-vis 26.51 lakh tonnes in the year-ago period, a release issued here said.

NEW DELHI: Online recharge and payments company Paytm has tied up with Aditya Birla Finance to offer hassle-free finance options to more than 50,000 sellers on its platform. The move is expected to help small and medium sellers to scale up their business, the company said in a news release. "We are creating an ecosystem which helps our merchants to grow their business faster," said Renu Satti, vice present for small and medium business at Paytm. "Accessibility to...

In an interview with ET Now, Vivek Mahajan , Head of Research, Aditya Birla Money, shares his views on markets. Excerpts: ET Now: It seems the Cabinet meeting takeaways have only augured well for the banking space in particular. What has been your reading? Vivek Mahajan: Yes, it has been a very positive development. The market had been consolidating between 8200 and 8500 for a pretty long time. For a change, we...

NEW DELHI: Diversified company Aditya Birla Nuvo (ABNL) will make a foray into solar power business and would participate in auction of such projects in Telangana. The development follows company's board approving a proposal to participate in solar power projects. The company in a filing to the BSE said that its board today approved "participation by the company in the bidding process" of the upcoming central, state or private power projects. "To begin with,...

NEW DELHI: Aditya Birla Chemicals (ABCIL) today said it has received shareholders' approval for merging the company with Grasim Industries. The two companies of Aditya Birla Group are being merged in order to consolidate similar businesses under one roof. "The equity shareholders and unsecured creditors of the company have, at their respective meetings, approved the scheme (of amalgamation of ABCIL with Grasim Industries) with requisite...

NEW DELHI: Aditya Birla group, which owns the country's third largest mobile operator Idea Cellular, today said it will invest $ 7 billion over the next five years in network roll out, broadband and wi-fi deployment. Apart from that, the company will invest $ 2 billion over the next five years in Digital India initiatives. Speaking during the launch of Digital India, Aditya Birla group Chairman Kumar Mangalam Birla said the company has...